Eoin Treacy's view Most stock market indices are well below their respective 200-day MAs. The S&P 500 and FTSE-100 are no exceptions. However, not all shares have pulled back so abruptly. The above report for the UK and yesterday's for the USA highlight those which have made at least new three-month highs. However, there is an even larger number which still remain above their 200-day MAs. Veteran subscribers will note from a casual perusal that a number of these shares have received favourable reviews in this service over the last year.

Both lists (USA & UK) are sorted in descending order by market cap which puts major technology companies such as Apple and IBM at the top of the US list and major consumer companies such as GlaxoSmithKline and Unilever at the top of the UK's. The shares on these lists represent relative outperformance.